Product Updates

Deposits

Users can deposit assets on the Kelp dApp

Assets Accepted:

1. ETH

2. stETH

3. ETHx

Note: sfrxETH is no longer accepted on Kelp. Deposits of sfrxETH were stopped on 3rd July.

Fee on deposits

Kelp charges a 10% fee on the rewards earned through ETH deposits. These rewards are earned by depositing ETH to validators on the beacon chain.

There is no fee charged on LST deposits

Withdrawals

Users can withdraw assets on the Kelp dApp. Withdrawals can be done in the form of the following assets:

1. ETH

2. stETH

3. ETHx

The withdrawal in the form of any asset is subject to the availability of that asset with Kelp. The availability can be checked on the Kelp dApp before initiating unstake.

Withdrawals for ETH usually take 14-16 days. This is because of the exit queue on the beacon chain and the delays imposed by EigenLayer. If funds are available in the withdrawal pool, your request may be processed in 1-2 days.

For LSTs, withdrawals will take 7-10 days due to the delays imposed by EigenLayer.